What is a DAO?
A DAO, or Decentralized Autonomous Organization, is a community-led entity with no central authority. It is fully autonomous and transparent; smart contracts lay the foundational rules and execute the agreed-upon decisions, proposals, and voting. The Kokonut DAO is the core vehicle for all fundraising, reward distributions, and governance decisions.How do I join Kokonut DAO?
We have created a YouTube channel with desktop PC and mobile phone playlists to guide you through the sign-up procedure.Do members share ownership of the property?
No, Kokonut DAO members own the upside derived from projects the DAO decides to fund, as long as they hold their DAO tokens. Each governance token is backed 1:1 with a real coconut plant.What happens if the crypto market goes down?
Kokonut Network is unaffected by the crypto market because the Kokonut DAO only receives tributes in stablecoins.What will the governance look like?
We have created a detailed Governance Framework on how decisions and operations work within Kokonut DAO instances.Aren’t NFTs & Tokens bad for the environment?
It depends on which blockchain you use. Kokonut DAO lives in the Gnosis Chain. Based on 2020 energy reports, the network consumes the same amount as two households in the USA.For example, Visa uses the same amount of energy as ~42,000 family homes to operate its network each year.